Fpl Group Inc.

April 30, 1985|By Deanne Brandon

NO DEAL. Proposal: The purchase of Rinker Materials Corp. of West Palm Beach by FPL Group Inc., parent company of Miami-based Florida Power & Light Co. The deal: Approved last month by the boards of both companies. The latest: FPL Group said acquisition talks have ended because the two parties could not agree on terms other than a purchase price of $350 million. Reason: Officials would not say why talks ended or whether they would resume later. Rinker: A closely held building-materials company that has a cement import terminal at Port Canaveral and bulk cement terminals in Lockhart and Kissimmee.